CNN Invests in Neighborhood News Feed Outside.In

CNN.com is investing in Outside.In, a start-up that feeds neighborhood blogs and other local news and information to the Web sites of newspapers, TV stations and other media.

The investment, whose size the Time Warner Inc. Web site declined to disclose, comes as news organizations seek more local information about high school sports, eateries and social events, in which they see an untapped market. Outside.In and a growing cadre of...